1030 Coronation Drive 812, London North

$399,900
1030 Coronation Drive 812

$399,900

New
3d
Condo Apartment1 Storey/Apt

1030 Coronation Drive 812, London North

Total Monthly Obligation $2,825

Beds
2
Baths
2
Park
2
Sqft
1000-1199
DOM
3d
Score
17
Yield
6.4%
Cash on Cash
-7.2%
Cap Rate
3.0%
5Y IRR
9.9%
10Y IRR
10.1%
Property Type-Condo Apartment
MLS® Number-X14096558
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 20, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Age-11-15
Taxes-$4,006.58 (2026)
Maintenance-$677.73/mo
Locker-Exclusive
Parking-2 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-ROYAL LEPAGE TRILAND REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Electric
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-North I
Title-Residential Condo & Other

No agent assigned

A RARE FIND UNDER $400K! Discover premium condo living with this exceptional 2 bedroom, 2 bathroom layout. This highly aggressive pricing offers a premium 2 bedroom for the price of a 1 bedroom. With just under 1,200 sq ft of fully updated living space, this immaculate unit has been professionally repainted in a modern, neutral colour palette. The welcoming living area and kitchen flow seamlessly together in a bright, open concept design. Relax by the cozy fireplace, or step through the sliding doors onto a big patio with great city views. The kitchen comes equipped with premium upgraded stainless steel appliances, granite countertops and a spacious breakfast bar. This unit also features a convenient in-suite laundry room. This premium layout stands apart with rare comforts, including an oversized primary bedroom, walk-in closet, and ensuite bathroom featuring a double-sink vanity and separate walk-in shower. This layout is only available in a handful of units. You also get the massive added convenience of highly coveted, side-by-side underground parking spaces and a premium storage locker which is also rare in this building. Residents enjoy included access to exceptional building amenities: a well-equipped fitness room, library with lounge and fireplace, outdoor patio, games/theatre rooms, a party room and a separate guest suite for out of town guests. Monthly condo fees conveniently include heat, water, and parking. Ideally located near Western University, University Hospital, shopping, restaurants, top-tier schools, and golf courses, this property delivers high end maintenance-free condo living. It is incredibly rare to find a layout with these finishes and two parking spots at this price point. This is one you simply cannot afford to pass up.

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$
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$319,920
Land Transfer Taxes$4,474
Legal Fees (Est.)
$
Total cash required for closing$85,954

Total Monthly Obligation

$2,825/mo
Mortgage $1,613
Monthly Loss $2,400
Principal$424
Interest$1,189
Property Tax$334
Condo Fees$678
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.6%0
5-Year IRR
6.1%15
10-Year IRR
7.9%
Returns Index
8.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$25,632/yr
NOI
$8,529/yr
Net Cash Flow
-$902/mo
Cash Margin
-42.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
26.7/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1030 Coronation Drive 812

Time

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Data last updated within the past 24 hours.